Used in the field of nanotechnology for the development of carbon-based materials, particularly in the synthesis of carbon nanotubes due to its unique cyclic structure. It serves as a precursor or template in the precise construction of these nanotubes, enabling control over their diameter and chirality, which are critical for their electronic properties. Additionally, it finds applications in organic electronics, where its conjugated system can be utilized in the design of novel semiconductors and light-emitting materials. Its ability to encapsulate molecules also makes it useful in supramolecular chemistry for host-guest interactions, potentially leading to applications in drug delivery systems or molecular sensors.